Thread regarding Apollo Group Inc. layoffs

One of more than 50 "Assets Under Management"

Apollo Education and University of Phoenix are an afterthought in the eyes of Apollo Global Management. They are one of more than 50 "assets under management."

If the profit/loss numbers people have leaked out are true, how long will Apollo Global Management accept the losses? They spent $1.14B on the takeover and they continue to lose money? Where's the value in that? And from what people have said, they have continued to have large, steady losses.

Sure, they are closing campuses and laying off people, but how will that work to turn a profit? And if they want to sell of University of Phoenix, what could they sell it for?

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Post ID: @OP+Y3yhfWd

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From Apollo Education's Annual Report, when annual revenues were $4.95B, and roughly $4.5B came from University of Phoenix. Enrollment at UoPX was more than 470,000.


Our goal is to strengthen our position as a leading provider of high quality, accessible education for individuals around the world by affording strong returns for all of our stakeholders: students, faculty, employees and investors. Our principal focus is to provide high quality educational products and services to our students in order for them to maximize the benefit of their educational experience. Our students receive an innovative, energizing and compelling learning experience and a quality academic outcome that provides the opportunity to improve their lives. We believe that a superior student experience, achieved through building a culture of always doing the right thing for the student, is key to building value for our shareholders. We intend to pursue our goal in a manner that is consistent with our core organizational values: operate with integrity and social responsibility; change lives through education; be the employer of choice and build long-term value. These values provide the foundation for everything we do as a business.

Post ID: @2xqe+Y3yhfWd

Apollo Education has been part of Fund VIII, as an "Opportunistic Buyout." But it sure seems like an opportunity gone wrong. Seems more like a distressed asset now.

What does Apollo Global know about education? Did they think they could just cut the company into profitability?

And did Apollo Global really think that Obama's friends at Vistria could lead University of Phoenix back to profitability and a positive image?

Post ID: @1vqh+Y3yhfWd

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